
54 Cypress St. #54 Watertown — Photo 1 of 25
$1,245,000
Investment Analysis — 54 Cypress St. #54
Watertown, MA 02472
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 02472 carries an estimated $4,250/mo in gross rent — about a 2.08% cap rate and $25,941/yr in estimated NOI at the $1,245,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
3.5
SqFt
2,160
Style
Condominium
Built
2026
Welcome to this stunning new construction 4-bedroom, 3.5-bathroom townhouse perfectly situated in East Watertown, offering modern design, thoughtful finishes, and an exceptional location. This south-facing home is filled w/ natural light and features an open-concept 1st floor. The beautiful kitchen features white shaker cabinetry, a spacious center island, quartz countertops, a stylish tile backsplash, and GE Cafe premium appliances. The open layout flows seamlessly into the dining and living areas, creating a welcoming space for entertainment. The second floor offers 3 bedrooms and 2 full bathrooms, including a spacious primary suite w/ a private bath featuring a double vanity and walk-in glass-enclosed shower. The additional bedrooms provide flexibility for family and guests. The main bath is beautifully tiled and has a full tub. The finished lower level expands the living space w/ a 4th bedroom, a full bathroom, and a comfortable family room ideal for guests, a home office, or playroom. Efficient electric heat pumps provide both heating and air conditioning, while two mini-splits on the lower level offer additional comfort and climate control. Enjoy your own private outdoor space w/ a large patio and fully fenced-in yard, perfect for outdoor dining, entertaining, gardening, and relaxing. Quality construction details include an architectural shingle roof, durable LP smart siding, and spray foam insulation. Ideally located just steps from the Watertown-Cambridge Greenway, Arsenal Yards, public transportation, shops, and restaurants. Conveniently situated minutes from the new net-zero Watertown High School, newly renovated Hosmer Elementary School, Charles River, and all that Cambridge and Boston have to offer. A rare opportunity to enjoy brand-new construction and modern amenities in desirable East Watertown!
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Microwave • Refrigerator
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Medical Facility
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First12 x 24
Flooring - Hardwood, Open Floorplan, Recessed Lighting
Dining Room
Lvl First12 x 12
Flooring - Hardwood, Open Floorplan, Recessed Lighting
Kitchen
Lvl First12 x 13
Countertops - Stone/Granite/Solid, Kitchen Island, Open Floorplan, Recessed Lighting, Stainless Steel Appliances
Family Room
Lvl Basement20 x 24
Flooring - Stone/Ceramic Tile, Recessed Lighting
Primary Bedroom
Lvl Second12 x 14
Bathroom - Full, Closet, Flooring - Hardwood
Bedroom 2
Lvl Second9 x 13
Bedroom 3
Lvl Second9 x 12
Closet, Flooring - Hardwood
Bedroom 4
Lvl Basement9 x 10
Closet, Flooring - Stone/Ceramic Tile
Bathroom 1
Lvl First3 x 6
Bathroom - Half
Bathroom 2
Lvl Second5 x 10
Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile
Bathroom 3
Lvl Second8 x 10
Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile
Property History
$1,245,000
Was $1,235,000
Sep 17, 2026
MLS® 73578838
$1,235,000
Sep 17, 2026
MLS® 73578838
Listing Agent: Bob Airasian
Listing Office: Coldwell Banker Realty - Belmont
MLS® Number: 73578838

